The trading day began with an oil price drop. As a result, April 20 low was updated. Now the price is trying to consolidate below the Target Zone 100.35 – 99.47. If traders manage to consolidate the price below the TZ, then the next target for sales will be the Gold Zone 95.97 – 95.54.
Consider new oil sales on correction at strong levels, Additional Zone 100.54 – 100.32 and Intermediary Zone 102.94 – 102.51. The IZ serves as the border of a short-term downtrend. The first target for sales will be to update today’s low.
USCrude trading ideas for today:
Sell according to the pattern in Intermediary Zone 104.58 – 104.15.
TakeProfit: 99.85.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
